EPF Members Can Now Buy Insurance And Takaful Through Account 2, Here’s What You Need To Know

It is common knowledge that getting insurance coverage is so important nowadays as a financial preparation to face an odorless misfortune.

In this country alone there are various insurance companies with several offer options available.

Good news for Employees Provident Fund (EPF) members, you can now purchase insurance and takaful products that cover life and critical illness coverage at an affordable premium from Account 2.

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The EPF launched the i-Lindung platform under the Member Protection Plan to help members seek protection in the face of unforeseen and out of control situations.

The prices offered are also reasonable and will not burden members through insurance companies and takaful operators provided in the EPF platform.

For example, if you take a premium as low as RM30 per year, the total coverage offered is RM10,000.

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For members who wish to purchase insurance and takaful products, you can do so through the i-Lindung platform contained in the EPF’s i-Akaun (Member) portal.

The insurance companies and takaful operators are FWD Takaful Berhad, Prudential Assurance Malaysia Berhad, Prudential BSN Takaful Berhad, Etiqa Life Insurance Berhad and Etiqa Family Takaful Berhad.

Members under the age of 55 who have sufficient balance in Account 2, Malaysian citizens and users of i-Akaun, are eligible to purchase products under i-Lindung.

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Meanwhile, those aged 55 and above can also purchase products under i-Lindung, provided they are within the relevant product eligibility age range and maintain a minimum amount of RM100 in their Account 55 or Gold Account.

EPF i-lindung

The i-Lindung self-service platform can be accessed at any time and at the same time allows members to obtain information on existing products along with prices and obtain quotes before making a purchase at any time.

In addition, the policy or certificate that has been purchased will also be included, further making it easier for members to refer to it quickly and securely.

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For added value, insurance companies and takaful operators on the i-Lindung platform can provide additional protection and adjust the price of their products according to members’ abilities.

Source: EPF

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